HDFC Life Deputy Branch Manager Salaries by 7 Employees

3 - 14 years exp.

₹5 Lakhs - ₹8 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

16% less than the average Deputy Branch Manager Salary in Insurance Companies for 3 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Branch Manager Salary 6 - 11 years exp. (3 salaries)	₹5 L/yr - ₹8 L/yr
Marketing & Communication Deputy Branch Manager Salary 9 years exp. (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.2 L/yr
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Sales & Business Development Deputy Branch Manager Salary 14 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.3 L/yr

Last Updated: 29 May 2024

Companies similar to HDFC Life for Deputy Branch Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Deputy Branch Manager Salary 6 - 14 years exp. (13 salaries)	₹5 L/yr - ₹8.5 L/yr At par
Kotak Mahindara Life Insurance Deputy Branch Manager Salary 3 - 6 years exp. (7 salaries)	₹3.2 L/yr - ₹4.5 L/yr 37% less
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ICICI Prudential Life Insurance Deputy Branch Manager Salary 0 - 11 years exp. (5 salaries)	₹2.9 L/yr - ₹6 L/yr 34% less
Axis Max Life Insurance Deputy Branch Manager Salary 2 - 13 years exp. (5 salaries)	₹1 L/yr - ₹10 L/yr 14% less
Tata AIA Life Insurance Deputy Branch Manager Salary 3 - 13 years exp. (4 salaries)	₹7.2 L/yr - ₹8.5 L/yr 21% more
Shriram Life Insurance Deputy Branch Manager Salary 6 - 12 years exp. (4 salaries)	₹4.4 L/yr - ₹7.5 L/yr 16% less
Reliance Nippon Life Insurance Deputy Branch Manager Salary 0 - 8 years exp. (3 salaries)	₹4 L/yr - ₹13 L/yr 41% more
Aditya Birla Sun Life Insurance Deputy Branch Manager Salary 3 - 13 years exp. (3 salaries)	₹6 L/yr - ₹6.8 L/yr At par
HDFC Ergo General Insurance Deputy Branch Manager Salary 3 - 6 years exp. (3 salaries)	₹4.3 L/yr - ₹6.1 L/yr 9% less

Deputy Branch Manager salary at HDFC Life ranges between ₹5 Lakhs to ₹8 Lakhs per year for employees with experience between 3 years to 14 years. Salary estimates are based on 7 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Deputy Branch Manager salaries

Last Updated: 29 May 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹8 L/yr
4 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
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5 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
6 years (AmbitionBox Estimate)	₹5 L/yr - ₹8 L/yr
7 years (AmbitionBox Estimate)	₹5 L/yr - ₹11.7 L/yr
8 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
9 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.5 L/yr
10 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
11 years (AmbitionBox Estimate)	₹5 L/yr - ₹11.3 L/yr
12 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
13 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
14 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹7.5 L/yr

View all

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Salary related reviews for HDFC Life

3.0

Rated by 2 employees for salary & benefits

Sales Manager in Cuttack

Full Time

CSR & Social Service Department

4.0

• posted on 23 Mar 2025

2.0

for Salary and Benefits

Likes

The company has lots of data, They r learning you in first stage and after that they r find a way to indicate you wrongly.

Job security - Good

Dislikes

Less salary, no support from trainer, biggest layers, no leaves, no support from L1 and above, no motivation only needed business, so if u r afresher think twice before joining.

Salary - Poor

Senior Associate in Machilipatnam

Full Time

Other Department

4.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

Skill development - Excellent

+2 more

Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

Promotions - Poor

Senior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

Salary - Bad

+6 more

Operations Manager in Mumbai

Full Time

Risk Management & Compliance Department

3.0

• posted on 26 Nov 2023

1.0

for Salary and Benefits

Likes

The way they make fool our of you. JD and actual work are really different. Popular statement "I am a really considerate manager".

Job security - Excellent

Dislikes

Usual work day is for about 12 hrs On document Saturday is a non working day but you will be forced to work with out pay. Overtime is a myth Promotion depends upon L1's will. Variable pay is only for MT's and chief manager & above Huge gap in pay at same band.

Salary - Bad

+4 more

Sales Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 24 Oct 2023

3.0

for Salary and Benefits

Likes

Already they are top in insurance sector so people know about this company that's good part.

Dislikes

...se that's why they are doing insurance these are the facts they take advantage In small salary package thier expectation is more than crore For a freshers Or 2 years experience not good place to work You have to travel every single day like a horse (on your money) Many more people don't share because they sacred if they share they can't get job because these people leaves and they go to another company so it's like round like earth anyone can meet anywhere In 100 people only will success 2

Skill development - Poor

+5 more

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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HDFC Life Deputy Branch Manager Salary FAQs

What is the salary of Deputy Branch Manager at HDFC Life ?

The average salary of a Deputy Branch Manager at HDFC Life in India typically ranges from ₹5.0 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 3 years to 14 years).

The top 10% of Deputy Branch Manager at HDFC Life earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Deputy Branch Manager Salaries at HDFC Life can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 7 HDFC Life employees in India.

What is the estimated take home salary of a Deputy Branch Manager at HDFC Life in India?

The estimated take-home salary of a Deputy Branch Manager at HDFC Life in India typically ranges from ₹48,813 to ₹49,967 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 3 years to 14 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 7 salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDFC Life for Deputy Branch Manager in India?

Reliance Nippon Life Insurance	₹4.0 Lakhs to ₹13.0 Lakhs per year
Tata AIA Life Insurance	₹7.2 Lakhs to ₹8.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹6.0 Lakhs to ₹6.8 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HDFC Life, depending on the role and experience level.

What is the salary of a Deputy Branch Manager in companies similar to HDFC Life in India?

The salary of a Deputy Branch Manager at companies similar to HDFC Life in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹8.5 Lakhs per year
HDFC Ergo General Insurance	₹4.3 Lakhs to ₹6.1 Lakhs per year
Axis Max Life Insurance	₹1.0 Lakhs to ₹10.0 Lakhs per year
Shriram Life Insurance	₹4.4 Lakhs to ₹7.5 Lakhs per year
ICICI Prudential Life Insurance	₹2.9 Lakhs to ₹6.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Deputy Branch Manager at HDFC Life in India?

The salary growth for a Deputy Branch Manager at HDFC Life depends on factors such as experience, performance, and promotions. On average, a Deputy Branch Manager can expect the following growth trajectory at HDFC Life:

Experience	Average Salary Range
3 years	₹2.7 Lakhs to ₹8.0 Lakhs per year
4 years	₹6.0 Lakhs to ₹7.7 Lakhs per year
5 years	₹5.9 Lakhs to ₹7.6 Lakhs per year
6 years	₹5.0 Lakhs to ₹8.0 Lakhs per year

and so on.

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HDFC Life Deputy Branch Manager Salaries

HDFC Life Deputy Branch Manager salary in India ranges between ₹5 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 HDFC Life latest salaries received from various employees of HDFC Life.